Mr. Wayne Livingstone reports

CARLIN ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to Carlin Gold Corp.'s press release on May 30, 2023, it is proceeding with a consolidation of its issued and outstanding share capital on the basis of one postconsolidated common share for every 10 preconsolidated common shares. No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new Cusip No. will be 142240209 and the new ISIN will be CA1422402091. The company's name and stock symbol will remain unchanged following the consolidation.

The consolidation is subject to final confirmation by the TSX Venture Exchange. The consolidation will be effective at the opening of markets on June 8, 2023. As a result of the consolidation, it is expected that the 88,939,464 common shares which are currently issued and outstanding will be reduced to approximately 8,893,946 common shares, subject to rounding.

Shareholders who hold their common shares through a securities broker or other intermediary and do not have common shares registered in their name will not be required to take any measures with respect to the consolidation. Letters of transmittal with respect to the consolidation will be mailed shortly to all registered shareholders of the company. All registered shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the preconsolidated common shares to the company's transfer agent, Computershare Investor Services, will receive a certificate representing the postconsolidated common shares.

About Carlin Gold Corp.

Carlin controls two 100-per-cent-owned gold exploration properties in Nevada, the Cortez Summit property and the Willow property, both containing Carlin-style gold targets.

Cortez Summit lies about one kilometre northeast of the north end of Nevada Gold Mines' Goldrush deposit and east of Barrick Gold Corp.'s Fourmile resource. The Goldrush deposit, currently under development, has a reported underground mineral resource with 6.6 million ounces grading 7.8 grams per tonne indicated and 1.2 million oz grading 7.6. g/t Au inferred, for an attributable (61.5 per cent) total of 7.8 million oz (Barrick 2019 annual report) of the overall NGM resource of 12.7 million oz. The Fourmile resource, owned by Barrick and located directly north of Goldrush and west of Cortez Summit, has an indicated and inferred resource containing 2.55 million oz Au grading 10.6 g/t Au (Barrick 2021 annual report). NGM has completed a stand-alone underground feasibility study for the Goldrush deposit (Barrick third quarter 2021 report). An environmental impact statement has been completed, and a record of decision is expected in the second half of 2023 (Barrick first quarter 2023 management's discussion and analysis).

The Willow property is an early-stage project in Elko county north of the town of Wells, Nev. Willow is located within a potential new gold belt that contains the Long Canyon mine being operated by NGM.

We seek Safe Harbor.